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Coal severance tax faces uphill Senate vote
The Senate Revenue Committee backed a 2 percent coal severance tax in Illinois, the first time since 1977 such a bill advanced. Supporters predict debate will rise, but backers and opponents alike doubt full Senate approval this year. The plan would raise about 48 million annually, with two thirds staying in coal counties and one third funding state needs, potentially redirected to assist coal users and industry development. Local and industry figures warn the tax could raise prices and worsen layoffs, complicating a potential governor backing.
MENTIONED IN THIS ARTICLE
Mike Lawrence
Springfield
Senate Revenue Committee
Markin
Illinois
Senate
Gerald Hawkins
United Mine Workers of America
Taylor Pensoneau
Illinois Coal Association
Gene Johns
D-Marion
James R. Thompson
General Assembly
Johns
Thompson
George Langmeister
D-Mokena
Sangmeister